Introduction to statistics

The most fundamental economic problem is

• Health

• Security

• export and import

• Scarcity

Which is not considered as an economic activity

• Agriculture

• Banking

• Sujata helping her mother in the kitchen

• business

Statistics is defined in terms of numerical data in the-

• Singular sense

• plural sense

• Either A or B

• Both a and b

Which of the following statement correctly specify the functions of statistics

• Statistics facilitate comparison

• Statistics helps in prediction

• Statistics helps in the formulation of plans and policies

• It statistics helps and condensing mass data into a few numerical measures such as mean-variance etc.

When you employ somebody giving them a wage then you are an-

• Employer

• employee

• Service provider

• Service holder

Division of the national income into wages, profits rents, and interest is called as-

• Distribution

• Consumption

• Investment

• Exchange

....................... is the root of all economic problems

• scarcity

• Population

• High demand

• None of the above

All the human activities in which people are gainfully employed are called -

• Economic Activities

• Non economic activities

• Exchange

• Distribution

Statistics is applied in-

• Economics

• Commerce and industry

• Business management

• All of these

The factors of production are-

• Manager, labour, raw material and land

• Machinery ,factory ,electricity and labour

• Entrepreneur, land, labour and capital

• Money, labour, entrepreneur and raw material